Market Live: Nifty likely to open higher.

Nifty above 11,850 in pre-opening, Sensex gains 200 pts; rupee opens higher Trends on SGX Nifty indicate a higher opening for the broader index in India. As the counting of votes for Lok Sabha elections is taking place, the market would want confirmation of exit polls, Arvind Sanger of Geosphere Capital Management told CNBC-TV18. On May 19, exit polls predicted the NDA may get around 250-300 seats in general elections, which means the ruling party may retain their power for another five-year term. "BJP majority would be very positive for the market sentiment. Less than 250 seats for BJP might lead to a correction whereas more than 300 seats for BJP would result in a rally,".

Global Market:
Asian Markets: Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.79% while the Hang Seng is down 1.27%. The Nikkei 225 is not trading.
US Markets: North and South American markets finished lower today with shares in Mexico leading the region. The IPC is down 0.57% while the U.S.'s S&P 500 is off 0.28% and Brazil's Bovespa is lower by 0.13%.
European Markets: European markets finished mixed as of the most recent closing prices. The DAX gained 0.21% and the FTSE 100 rose 0.07%. The CAC 40 lost 0.12%.

Major Headlines of the day:

Rupee opens at 69.45 per dollar.

The seven-phase election, in which Prime Minister Narendra Modi of the BJP is seeking a second term, saw 8,000 candidates contesting. This Lok Sabha election is also a big test for the Rahul Gandhi-led Congress.

Biocon and Mylan's Ogivri gets Health Canada's approval Ogivri has been developed for the treatment of HER2-over expressing breast cancer and metastatic stomach cancer.

MOIL net profit up 6% at Rs135cr in Q4 Revenue from operations of the company stood at Rs436.59cr in March 2019 up 10% from Rs397.55cr in March 2018.

Earnings Reaction To Watch
ECLERX SERVICES
IGL
SUN TV

The trend in FII flows:- The FIIs were Net Value of Rs -965.02 segment while the DIIs were Net Value of -157.75 the provisional figures.

Securities in Ban For Trade Date 23-MAY-2019
ADANIPOWER
RELCAPITAL
IDBI

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